Independent research on the U.S. markets, Baptista Research

Baptista Research

Independent research on the U.S. markets

Baptista Research is an independent financial research house focused on the U.S. markets. We provide equity research as well as credit research reports on the top-listed U.S. companies with most of our focus on technology, consumer goods and services, automobiles, industrials, oil and gas, pharma, and healthcare. Our research has served more than 3000 institutional investors including mutual funds, hedge funds, banks, family offices, and various buy-side firms. We operate a research subscription service where institutions, as well as retail investors, can have priority access to all our research. We also have a wide distribution of our research reports across some of the top global financial platforms. Apart from equity research and credit research, we also provide advisory services with respect to mergers & acquisitions (M&A), private equity/ venture capital fundraising, valuation reports, and investment management services for corporates.
Baptista Research is owned and managed by Ishan Majumdar, an ex-Venture Capitalist/ Investment Banker, a Chartered Accountant, and a Masters’ degree holder in Management from HEC Paris. Ishan has nearly a decade of experience in Mergers and Acquisitions, Leveraged Buyouts (LBOs), Venture Capital Investing, Corporate Strategy, and Valuation in front-office roles at the likes of BNP Paribas CIB, Credit Agricole CIB, Groupe Danone, and TIW Private Equity. He has worked on and closed multiple acquisition deals, leveraged buyouts, and start-up investment transactions.

Equity Bottom-Up

<ul><li>Itron, Inc. reported its third-quarter 2025 financial results, demonstrating a mixed performance with both encouraging and challenging aspects.</li><li>The company's financial summary highlighted revenue of $582 million, adjusted EBITDA of $97 million, non-GAAP earnings per share of $1.54, and free cash flow reaching $113 million—a company record.</li><li>The total backlog stood at $4.3 billion, while bookings were $380 million for the quarter.</li></ul>

Itron, Inc. reported its third-quarter 2025 financial results, demonstrating a mixed performance with both encouraging and challenging aspects.The company's financial summary highlighted revenue of $582 million, adjusted EBITDA of $97 million, non-GAAP earnings per share of $1.54, and free cash flow reaching $113 million—a company record.The total backlog stood at $4.3 billion, while bookings were $380 million for the quarter.

Itron Just Dropped $525M—Here’s Why The Locusview Acquisition Could Be a Game-Changer!

Itron Incorporated Builds a Massive $4.3 Billion Backlog — Will This Powerful Pipeline Fuel Its Next Growth Wave?

<ul><li>Itron has struck headlines once again, this time by signing a definitive agreement to acquire Urbint for approximately $325 million, to be funded from cash on hand.</li><li>The closing is expected in Q4 2025.</li><li>This move follows a strong Q2 2025 delivered by Itron—with revenue of $607 million, record margins, and free cash flow of $91 million—though the company modestly trimmed its full year revenue midpoint while raising its EPS outlook.</li></ul>

Itron has struck headlines once again, this time by signing a definitive agreement to acquire Urbint for approximately $325 million, to be funded from cash on hand.The closing is expected in Q4 2025.This move follows a strong Q2 2025 delivered by Itron—with revenue of $607 million, record margins, and free cash flow of $91 million—though the company modestly trimmed its full year revenue midpoint while raising its EPS outlook.

Itron’s $325 Million Urbint Deal Could Reshape The Grid Forever—A Battle For Utility Supremacy!

<ul><li>Itron, Inc. reported its second quarter results for 2025, revealing a mixed set of outcomes that reflect both strengths and challenges facing the company.</li><li>For this period, Itron generated $607 million in revenue, aligning with the projected estimates.</li><li>Impressively, the company set quarterly records for gross margin, operating income, and free cash flow, particularly noting an adjusted EBITDA margin of 14.8% which reflects operational efficiency improvements and a favorable product mix.</li></ul>

Itron, Inc. reported its second quarter results for 2025, revealing a mixed set of outcomes that reflect both strengths and challenges facing the company.For this period, Itron generated $607 million in revenue, aligning with the projected estimates.Impressively, the company set quarterly records for gross margin, operating income, and free cash flow, particularly noting an adjusted EBITDA margin of 14.8% which reflects operational efficiency improvements and a favorable product mix.

Itron’s Water Solutions Push – How Is It Tackling Global Scarcity & Winning New Contracts?

<ul><li>Itron's first quarter of 2025 financial results demonstrated a robust performance characterized by strong margin expansion and earnings growth that surpassed expectations.</li><li>The company delivered a revenue of $607 million with an adjusted EBITDA of $88 million, indicating a solid operational quarter.</li><li>Non-GAAP earnings per share reached $1.52, representing a substantial year-over-year increase, while free cash flow doubled from the previous year to $67 million.</li></ul>

Itron's first quarter of 2025 financial results demonstrated a robust performance characterized by strong margin expansion and earnings growth that surpassed expectations.The company delivered a revenue of $607 million with an adjusted EBITDA of $88 million, indicating a solid operational quarter.Non-GAAP earnings per share reached $1.52, representing a substantial year-over-year increase, while free cash flow doubled from the previous year to $67 million.

Itron Is Capturing Utility Market with Smart Grid Revolution—Is It the Ultimate Energy Infrastructure Play?

United States

Itron, Inc. provides solutions for collecting, communicating, and analyzing electric, gas, and water usage data.  The Company sells its products to the utility industry.  Itron designs, manufactures, markets, sells, installs, and services hardware, software, and integrated systems for handheld computer-based electronic meter reading and automatic meter reading systems.

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Itron Inc (ITRI US)

Itron Just Dropped $525M—Here’s Why The Locusview Acquisition Could Be a Game-Changer!

Itron, Inc. reported its third-quarter 2025 financial results, demonstrating a mixed performance with both encouraging and challenging...

Baptista Research

Itron Incorporated Builds a Massive $4.3 Billion Backlog — Will This Powerful Pipeline Fuel Its Next Growth Wave?

Itron, Inc. reported its third-quarter 2025 financial results, demonstrating a mixed performance with both encouraging and challenging...

Baptista Research

Itron’s $325 Million Urbint Deal Could Reshape The Grid Forever—A Battle For Utility Supremacy!

Itron has struck headlines once again, this time by signing a definitive agreement to acquire Urbint for approximately $325 million, to be funded...

Baptista Research

Itron’s Water Solutions Push – How Is It Tackling Global Scarcity & Winning New Contracts?

Itron, Inc. reported its second quarter results for 2025, revealing a mixed set of outcomes that reflect both strengths and challenges facing the...

Baptista Research

Itron Is Capturing Utility Market with Smart Grid Revolution—Is It the Ultimate Energy Infrastructure Play?

Itron's first quarter of 2025 financial results demonstrated a robust performance characterized by strong margin expansion and earnings growth...

Baptista Research

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